tag:blogger.com,1999:blog-5979350.post3404214908847777749..comments2023-12-19T21:26:52.930-08:00Comments on Upper Left: My money comes and goes…Shaunhttp://www.blogger.com/profile/10000043157715554910noreply@blogger.comBlogger1125tag:blogger.com,1999:blog-5979350.post-30749831349651252972011-07-14T20:42:51.003-07:002011-07-14T20:42:51.003-07:00Nichols Kristoff, columnist with the New York Time...Nichols Kristoff, columnist with the New York Times, who is syndicated in the Seattle Times, made similar points, in a recent editorial. <br /><br />Thing is, the wealthy avoid taxes by parts of the tax code that allow same. One example, Kristoff mentioned, is the fact that when hedge fund managers make a profit, that is not taxed as personal income; it is rolled into a package that disallows same.<br /><br />Of course, the theory is that such investment helps us all. But the line which should greet such nonsense is, "How does that work?" <br /><br />As Hank Paulson mentioned - repeatedly - in his book, On The Brink," we all bailed them out, via the Department of Treasury, Congress and the Federal Reserve, a multitude of times, in 2008. It would seem that now is the time to collect on that debt and change the tax code.Terry Parkhursthttp://automatter.typepad.com/my_weblog/noreply@blogger.com